News: Cullen/Frost Bankers, Inc. (CFR.N)

CFR.N on New York Stock Exchange

50.33USD
22 Dec 2009
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$0.22 (+0.44%)
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Mon, Dec 21 2009

City National shares jump on FDIC-backed deal

BANGALORE (Reuters) - Shares of City National Corp surged more than 13 percent Monday, following the bank holding company's deal to buy the banking operations of failed lender Imperial Capital Bank, with assistance from the Federal Deposit Insurance Corp (FDIC).

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UPDATE 1-City National shares jump on FDIC-backed deal

* Stock rises 13.5 pct to 11-month high (Adds conference call details, analysts' comments; updates stock activity)

UPDATE 2-Cullen/Frost posts weak Q3 results, sees FY in line

* Loan-loss provision $16.9 mln, net charge-offs $16.3 mln

HEADLINE STOCKS-Some U.S. stocks on the move on Oct. 21

(Updates to after the open, adds Northrop, Northern Trust, Piper Jaffray, Hudson City, Stanley Works, Kinetic, ATMI, Cullen/Frost, AMB Property, Lindsay)

Guaranty Financial files Chapter 11

NEW YORK (Reuters) - Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA.

Guaranty Financial Group files Chapter 11

NEW YORK, Aug 28 (Reuters) - Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA .

Morgan Stanley says mid-cap banks are "attractive"

Aug 3 (Reuters) - Morgan Stanley recommended taking on more risk in the mid-cap bank space, saying second-quarter earnings were slightly better than expected and it now has greater confidence in its "attractive" industry view. "Stronger-than-expected net interest margin and higher earning asset balances more than offset a sharp decline in loan balances, driving top line growth. While non-performing loans continued to rise, the rate of growth is slowing," analysts Ken Zerbe and Yoana Koleva

UPDATE 2-Cullen/Frost Bankers Q2 profit falls, shares down

* Full-year EPS view $2.90-$3, excl future FDIC assessment

CORRECTED - CORRECTED-UPDATE 1-Cullen/Frost Bankers Q2 profit falls 28 pct

(Corrects headline and paragraph two to show net income fell 28 pct, not 38 pct)

Potential problem loans rise at midcap banks: Morgan Stanley

(Reuters) - Potential problem loans continued to rise at eight midcap banks during the first quarter, with Colonial BancGroup Inc and First Horizon National Corp showing largest sequential increases, Morgan Stanley said citing data collected from regulatory filings.

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